UPDATE: Flashy businessman Jared Otieno in court, to be held longer
Flamboyant city businessman Jared Otieno will spend the next seven days at Kileleshwa Police Station to allow detectives complete investigations into alleged fraud and obtaining money by false pretenses.
The police are investigating claims that Mr Otieno obtained money by pretence.
It is alleged that between February 8 and 25, a man known as Sounthorn Chanthavong from Lao was lured to buy gold at a house in Kaputei Gardens in Nairobi’s Kileleshwa suburb.
During the transaction, Mr Chanthavong is said to have lost an equivalent of Sh300 million after he was duped that the items he bought were genuine gold.
The prosecution had applied to detain Mr Otieno for 14 days, but trial Magistrate Paul Mayova reduced it to half after hearing all parties.
The Magistrate said there were grounds to detain Mr Otieno longer.
The prosecution further linked the flashy businessman to 15 people arrested and arraigned on Monday after a raid at the Kileleshwa house where officers carried away large black boxes said to contain the fake gold.